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nilremerlin, "I am just speculating, whereas you, sir, are stretching it!"
With all do respect to you, my post was in reply to your post but not personally directed to you.
I realize you are speculating, as it is speculating that Globetel has it's HotZone technology that works such as the “Triple Play” they claim they have, and have yet to show anything for it since it was acquired. Name one country or area anywhere in the world that is using Globetel's triple play?
You say I am stretching it! LOL
Mexico is not triple play.
I could go much futher on this but I will just let it rest.
Paving the way for Hotzone?:
I'd say competition could be a little tough for Globetel. Many are spreading false hopes with no supporting evidence on this board.
Company Profiles:
Harris is an international communications and information technology company serving government and commercial markets in more than 150 countries. Headquartered in Melbourne, Florida, the company has annual revenue of about $4 billion and more than 14,000 employees — including more than 6,000 engineers and scientists. Harris is dedicated to developing best-in-class assured communications™ products, systems, and services for global markets, including government communications, RF communications, broadcast communications, and wireless transmission network solutions.
Thales Communications is a wholly-owned subsidiary of the Thales Group of companies, an international electronics and systems group serving defense, aerospace, services, and security markets. The Group employs 70,000 people throughout the world and generated revenues of $12.7 billion in 2006. As a U.S. proxy company, Thales Communications is 100% American and, therefore, free of "foreign ownership, control and influence." Our access to Thales Group resources enables us to leverage our collective technologies in the military and civil markets to design, develop, provide, and support low-risk, reliable, fully-integrated solutions to our customers. Thales Communications also serves as a principal gateway for introducing innovative technologies into the U.S. defense and electronics markets.
GlobeTel is changing the global landscape of how people communicate, interact and transact. To accomplish this mission, we provide our customers with access to an integrated suite of telecommunications products and services that leverage the advances we have made in our Stored Value, VOIP and Wireless Access technologies.
As a premiere provider of communication products and enhanced value-added services we are constantly investing in our commitment to deliver superior products and services in high-margin foreign markets to a diverse international customer base and are focused on global customer retention and acquisition.
With exciting technology advancements speeding global economic progress, Globetel is well positioned to bridge the digital divide and meet the unprecedented demand for these new value added services in both business and consumer markets. Globetel has assembled a leading-edge solution set, a tremendous employee base and strong strategic partners that will allow it bring next generation solutions that will truly change the world.
Although GlobeTel's products and services are competitive as stand alone products, the combination of GlobeTel's Super Hub™ Network, Payment Processing capabilities, StrateVOIP, Wireless Access Technologies and the Stratellite represents a complete network access system. This integration has the potential to provide our customers and partners with a low cost, high throughput and widely accessible solution that allows people to communicate, interact and transact, globally.
Good post Mide, it is easy to see on this board who is holding their own, both past and present with this stock. I think it is the constant pumpers who claim for years they never sold a share that irritate others enough to cause them to make retaliatory posts.
Soon there will be a new group of people on this board who bought between .20 and 30 cents who will cause excitement when the price goes to .50. Obviously bashers won't affect them.
If the Navy was there in March and observed everything, they couldn't have been very impressed otherwise they would have told some friends or purchased the stock themselves.
Same with No Mas Cable, if it was working that good in Pachuca, in a high to middle class neighborhood don't you think they the residence there would want to jump on the bandwagon and purchase the stock at 25 cents, or are all these people that stupid? Why isn't Pablo Peralta buying at these low prices?
Looking at the volume of stock traded with 108 million shares outstanding and less then 175,000 shares traded for a maximum of $47,188 and .16% of the float traded, it looks pretty pathetic.
You can't blame that on naked shorts.
Nobody cares, do I see No Mas Globetel in the very near future?
Just logic---no links.
I mentioned that as a way to transport the Skysat to San Diego.
Tow it to San Diego with a Goodyear Blimp.
Still holding and waiting for that White Knight to come along.
Seabass, any truth to the rumor you were the lead plaintiff and winner in the class action lawsuit against Terayon?
Your right, I wish they would hire Tim as the Director of Investor Relations, then we would see some price movement for flippers.
Trashboy,"Now that we've had our fun"
LOL, "following, the united states government finances more questionable foreign operations than Kostro and Khoury could ever imagine to attempt to finance in their wildest dreams.
Most of which will become our enemies within the next ten years."
Your right!
Board was getting a little boring over the weekend figured I would rattle a few cages and lighten it up a little with a change in subject never before brought to this board. Posts lately have been too serious! Lack of company info doesn't help.
GLTU!
(PS, I did like this one:)
(I know, you're running out of material, and Seinfeld is on permanent hiatus)
This is just for starters, a complete background check should begin here just to be on the safe side,
Chairman Przemyslaw L. Kostro Globetel Chairman in 2003 also November 2001 to April 2002, he also served as the Chief Executive Officer of the Company all during the period of Globetel's Australian Odyssey.
http://www.fool.com/investing/general/2006/01/23/globetels-australian-odyssey.aspx
Przemyslaw L. Kostro director of Caterham Financial Management, a Malaysian company.
"Malaysia was the financial and planning center for the region's main al-Qaeda-linked terrorist network, the place Osama bin Laden's proselytizers chose to recruit a core of loyal followers, launch new groups into neighboring countries, and coordinate with Southeast Asia's existing Islamic radicals."
http://www.time.com/time/asia/features/malay_terror/cover.html
Other Globetel personal who are known to have committed or been involved in criminal and fraudulent acts have been discussed on this board in the past. I won't go into Rob, Steve, Paul, etc
Tell me what you know about Caterham Financial where this should not be investigated before a government contract should be awarded. Or does it sound too ridiculous to you for a National Security check? Actually I wouldn't be surprised if this check wasn't going on right now through the disgise of the SEC investigation. Follow the money.
Trashboy,"Have you heard of Lenin (not John), Castro (not oil), Hitler, Marx,"
Alert: Notice the above are not Americans.
Globetel, with a Pol (also a director of an Indonesian hedge fund, which is a country al-Qaeda is using as a training base) and an Aussie running the show will make America more safe?
Instead of Globetel wasting time and money on the Navy demo, they should try and prove they could do one thing right. Put all efforts into one project, show they know how to be successful at something and improve on it from there. The time, effort and equipment used for this demo could be used cover an area in Mexico where they would have customers and income coming in. To date they have not been successful at anything other then losing money and shareholder value.
Should Globetel ever get a direct national security contract from the Navy or Homeland Security, I would be the first to speak to my Congressman and ask for a complete background check on the past and present management and Board of Directors. I would suggest they look into their citizenship records and the past dealings with all companies and countries they have been involved in. I will also provide my congressman a partial list of former Globetel personal who are known to have committed or been involved in criminal and fraudulent acts.
IMO. The only chance they will ever have obtaining a Government contract is by being a sub contractor to a recognized government contractor like Lockheed, UT, GE or Raytheon etc.
Let's keep America safe for future generations!
Mide, you got me wrong on that one!
1 - I could care less if Globetel makes it or not, although I could make some money should they succeed by trading the stock. I would make nothing should they not make it. Why do you think everyone is hanging around this board for, as Casey would say, it's not over tell it's over, there is always a chance. My feelings of this company are negative but could change.
2- I really believe that was an uncalled for remark by Dave Sims. I would love to get an answer from him on my post I put on his blog. In order to do that I had to put it in a nice way.
If I do get an answer, I will come back and ask him about his remark he made in GLOBETEL, R.I.P.
"Anyway, it looks like the end of the road for GlobeTel. It's certainly the end of First Coffee caring about it, so R.I.P., GlobeTel."
I would ask him why all of a sudden does he care about Globetel, when on July 24, 2006, it stated you were not caring about it again?
3- Now out of the clear blue sky and to no benefit of his own he brings up Globetel while praising another company. Hmmm....... could it be a buy opportunity? Just recently Asensio (a big shorter of Globetel)
concluded his coverage of Evergreen Energy and offers them best wishes.
Could the same thing happen to Globetel?
4- David Sims never removed anything he ever said about Globetel before, why the change of heart. I don't think it was because of Globetel lawyers. He most likely knows Globetel is not in the best position financially to go through another lawsuit. Everyone knows he is just a follower of heavy hitting shorter's and hedge funds like Asensio. There has to be a better motive behind it... like maybe a fresh round of buying soon to come from the hedge funds he gets his information from. The way I see it, either my post on his blog gets deleted or he answers it with a reason. The worst that could happen is he leaves it on, if that is the case it would still be on record that he said it.
5- Maybe I am dwelling on this deeper then I should. Something just isn't right here. Also could Sims have just let the cat out of the bag and brought attention to Enforta who could have the information of the Internafta/Globetel setup and could provide the class action lawsuit with the conspiracy that went on against Globetel and lead to other lawsuits in Globetels favor? Everyone does their DD the way they are successful with, I have been doing pretty good doing it my way. Like Lowtrade has said. "Follow the money and do what the big guys do."
6- If it was the lawyers from Globetel who made him remove the comment, they didn't seem to get through to him very good because the remark still stands on this site:
http://blog.tmcnet.com/telecom-crm/2007/05/30/crm-and-voip-enforta-wimax-microsoft-crm-tec-report-on...
I usually don't type this much because it takes me a while. I like to present things to think about, good or bad, thats my style.
Of course this is all IMO.
That could be as good of a reason as any. Someone must have contacted him.
For some reason Dave Sims edited his article from your link and omitted the part about Globetel. Here it is in the entirety from a different link:
CRM and VoIP, Enforta WiMAX, Microsoft CRM, TEC Report on CMA, PacificNet
May 30, 2007
By David Sims
David at firstcoffee d*t biz
The news as of the first coffee this morning, and the music is some Coleman Hawkins, some Clifford Brown and Max Roach:
Enforta has announced that it has commissioned its network and started to offer services in the regional capitals of Voronezh and Penza.
Networks in the cities of Ulyanovsk, Tula, and Yaroslavl are also operational and awaiting final regulatory consents. Services in Krasnoyarsk and Samara will be commissioned during June and July.
"We expand our service area by another 6 million people with the inclusion of these additional seven cities", said Victor Ratnikov, Enforta's General Director, adding that Enforta now operates "the largest wireless broadband 'footprint' in Russia covering a total of 25 regional capitals with over 50 million people."
So nice to see honest, hard-working companies committed to developing the Russian WiMAX market, instead of cheap fly-by-night shysters like GlobeTel.
Enforta has also announced that it expects to begin deploying the new Alvarion "BreezeMax 5200' product upon obtaining final Russian certifications during Q3.
"Enforta is unique in operating networks at both the 3.5 GHz and 5.2 GHz licensed frequencies", said Lee Sparkman, Enforta's President, adding that in his opinion enterprises will appreciate the "high data throughput and stability of 'BreezeMax 5200'" products, while consumers and small business will appreciate "the simplicity of self-installed equipment supported by 'BreezeMax 3500'."
Enforta plans to begin services in an additional eight cities during the second half of 2007.
"There are no 'silver bullets' when it comes to providing broadband services," Sparkman said, but going forward "Enforta will have the flexibility to deploy either Alvarion BreezeMax 3500, ideal for consumers and small business requiring self-installable equipment, or BreezeMAX 5200 for high performance, mission critical, enterprise applications, or both."
Enforta was formed in October, 2003 with the objective to provide broadband services using WiMAX and other advanced technologies in Russia's regional capitals. It's owned by Sumitomo Corporation, Baring Vostok Capital Partners, EBRD, and its management team
http://blog.tmcnet.com/telecom-crm/2007/05/30/crm-and-voip-enforta-wimax-microsoft-crm-tec-report-on....
Thanks for the good find, David Sims is a trustworthy person who has been right on the money about Globetel in the past.
"Right in front of common shareholder's eyes!!!!"
Right in front of the SEC eyes also. Somebody should go to prison for this. 9.3 million shares is nothing, what will or has happen to the 100 million shares approved at the shareholders meeting last year? You can bet they will use most of them before the nevitable happens.
IMO
Hotzone_amundo. Lets hope they are doing better then these JV.
They have been going on for months also.
GlobeTel Enters JV To Deploy Stratellites In Europe, Middle East .....
Fort Lauderdale FL (SPX) Jul 13, 2005 - GlobeTel Communications announced Tuesday that it has entered into a joint venture that will lead to the deployment ...
voip - voice over ip » 2006 » January
GlobeTel Communications Corp. Provides Update on Financing of Russian Wireless Joint Venture. Tue 31 Jan 2006 ...
Sanswire Networks Signs Agreement to Deploy Stratellites in Colombi...
GlobeTel Communications announced Thursday that its wholly-owned subsidiary, Sanswire Networks, has entered into a Joint Venture Agreement to deploy ...
Globetel Enters into Broadband JV with Kashiwabara Token
GlobeTel Communications Corp. announced that its subsidiary, Sanswire Networks LLC ... Japan, to enter a joint venture in the establishment of a terrestrial ...
High Altitude Platform Wireless — Access to Broadband Campaign
Sanswire Networks, LLC, a wholly-owned subsidiary of GlobeTel ... The agreement calls for Sanswire to enter into a Joint-Venture Agreement with Orlando, ...
That is exactly what it was doing. In December, I spoke with someone at Centerline and I was supprised by what I was told. I was always under the assumption they were selling thier own products. I called to find out what I could do to help support this company and wanted to know where I could purchase thier product. I was told I could buy a prepaid calling card anywhere, Walmart, Cosco etc and there would be a chance the call would go over Centerlines switch. They sold no product.
The post I made back then:
http://www.investorshub.com/boards/read_msg.asp?message_id=15297220
IMO You will not see another reverse split, if anything you may get 1 share of Trimax for every 15 shares of Globetel once the 49% of NMC is transfered to Trimax. Globetel is already blackballed and will never regain it's old glory it once held. Under another name, it could be a different story. Globetel will hold Sanswire until the money runs out. All IMO.
I am sure if they had something meaningful to put out they would.
Nerd didn't say things are looking up. He said: aren't looking so bad, and you say "ain't lookin' so good" Your both saying the same thing.
Your saying they are going from good to bad and Nerd is saying they are bad but not so bad. LOL
So when the stock price goes down it is caused by shorts selling. When the shorts are covering the stock price goes down also. Don't sound right to me. Try this one:
http://www.investorshub.com/boards/read_msg.asp?message_id=19326068
Nerd, I have always told you "you have a good handle on what is going on." I never took you as a pumper or a basher, just a smart, knowledgeable person who likes a stock but does not fall in love with it and knows to make money is the most important thing when investing in the stock market. Message boards are for fun and expressing opinions on both sides, you have fun on your side and I have fun on my side. You are a very credible poster and one of the few who knows what they are doing.
I guess many think in order to have value as a poster you need to buy and hold. But then you would have value as a poster but no value in your bank account.
Now that is a tough choice to make. LOL
Mide, your right it is about execution. Good 4 star reply after I gave your post some good thought.
Six months from April 3 would be Oct. 3rd, where they anticipate will start producing NET INCOME. (up until today 20% of the time has gone by.) That is going to require some very good execution never before seen by Globetel. The pilot covered between 800-1000 homes and businesses, don't know what kind of income is being produced here.
Globetel updated the shareholders with the 70 and the shipment of 83 Hotzone units.
If this is not fluff and Peter Khoury is going to be consistent with his updates, then it can be assumed we will get an update soon on the next delivery and hopefully that the majority of the 83 were installed and open for business. We shall see. Fluff or execution? I might even get back in.
Nerd, How would he know that? Also some could still have been sent and installed while the study was being done. They could have done the study in smaller steps like they did in the trial period. If the billionaire really wanted to get the job done, I would think the planning would have been done with more enthusiasm after all the planning did give projections to the amount of customers they would have in the next 3 years.
My own opinion is there were production problems and the 4010's had to be sent back to be corrected and modified. That brings up another thing, why aren't they using the best model available, or is that going to come after the 4010's have been installed. Just wondering, Uli was looking for investors, you don't suppose Chatham invested in Uli's company.
Something don't make sense here.
On Mar 26th production of 70 Hotzone 4010 devices were completed.
Globetel held the equipment until they got 83 and delivered the first order as PR'd on May 10th.
Yet Peter Khoury states "the joint venture is moving along at a rate with which both partners are comfortable,"
Looks like a snails pace to me, it took 45 days between PR's to produce 13 more Hotzone 4010's. Why didn't they send the 70 pieces as the first shipment in March or early April?
Mar 26, 2007 GlobeTel Completes Production of Initial Equipment for wifi Broadband Network Expansion in Pachuca GlobeTel Communications Corp. (Pink Sheets:GTEM) today confirmed the completion of production of the first set of 70 HotZone radios to be used for the expansion of its previously announced wifi broadband network in Pachuca, Hidalgo, Mexico.
"The process for consummating the joint venture is moving along at a rate with which both partners are comfortable," stated Peter Khoury, Chief Executive Officer. "We are pleased that the equipment is ready to go, in contemplation of the imminent commercialization of Pachuca."
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cpz%5C2007%5C03%5C26...
May 10, 2007 GlobeTel Delivers First Order of HotZone Equipment to Extend Joint Venture No Mas Cables' Coverage in Mexico -- Fulfilling the first purchase order under its recently formed joint venture with VPN de Mexico, GlobeTel Communications Corp. (Pink Sheets: GTEM) (the "Company") today announced that 83 HotZone 4010 devices and accompanying antennae were shipped to the Company's No Mas Cables de Mexico (NMC) joint venture.
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cpr%5C2007%5C05%5C10...
Rocket man, be careful, beaten down stocks don't usually rebound quick. I would look for this below it's yearly low.IMHO
Mide, with all do respect to you and your comment: "It is also important to note that none of the traffic would have been routed thru Centerline, as none of our VOIP traffic has been or was ever intended to be routed thru that switch, from 'anywhere'.."
Many posts on this board are good points worth remembering, one such point is a post made by you which contridicts your above comment. Everyone knows, times change and minds do to.
However, and this is a huge one...all the traffic routing for all calls made through CallAnyWhere get sent through our Centerline Switch and get billed as a charge against the gross $19.99.
So regardless,and if this is successful, and the same proforma contract gets adopted by MetroPcs nationwide, GTEM shareholders get 50% of all net profits on CallAnyWhere, PLUS all revenues streaming through Centerline for all the routed calls.
That is a very good deal potentially.
http://www.investorshub.com/boards/read_msg.asp?message_id=16473800
Nerd, can't answer that without bring up examples of other companies, one you are very familiar with. You know bringing up other companies and examples will get deleted. You do know it will be costly and Globetel is not in a position (that I know of) that can afford the expenses.
croinvest,"Please let us know what 'other (small) companies' incurred cost of $5 million to restate financials for 3 years."
Here is a company with yearly sales of 76 million that incured audit costs of over 5 million.
Higher general and administrative expenses were primarily a result of increased legal, auditing, financial consulting and contractor costs of $4.2 million, compensation expenses of $0.7 million related to bonus plans and severance payments and $0.8 million related to facility expenses and moving costs. These cost increases were partially offset by decreased depreciation and amortization expenses of $0.4 million and a $0.3 million reduction in recruiting costs. Operating expenses are expected to be in the range of $15.0 million to $16.0 million, including $5.0 million from legal, audit and consulting services primarily related to our financial filings. Legal, audit and consulting charges related to our financial filings are expected to decline beginning in the second quarter of 2007
http://www.marketwatch.com/news/story/c-o-r-r-e/story.aspx?guid=%7BDADC8B7C-AD39-4E88-83EC-70547D33B...
Restating 2004, 2005 and 2006 financial statements can be very costly. I have seen it cost other companies 5 million dollars that had less revenue. Once done then it gets scrutinized by the SEC, so it will take considerable time to make sure it is accurate. I can not see where the company will get this kind of money without more major dilution. Not good no matter how you want to look at it.
sami1327, you could be right on that (They said the big winners long term are those who own the networks... having all that traffic running through). That is one of the reasons why I do not like all the partnerships Globetel has had over the years, with nothing to show for. Maybe with Mexico it could be different, we shall see.
Would be nice if they could get something started on their own (Like Germany was supposed to) and once it shows good promise, then sell into a partnership. With money being tight, would be hard to do at this time.
sami1327, combine your post with my previous post and I think you are on to something. That is the reason I say all the SEC has to do is follow the money trail to find the truth.
Vern, I don't think there was any deliberate fraud by Huff, but I do believe there was fraud and a scam within Globetel to set up Huff. The SEC will only have to follow the money to find the truth. I posted this explanation months ago. Remember also. the Russian deal was set up before Hotzone was purchased by Globetel. Why would Uli sell the Hotzone so cheap if he knew a huge deal with Russia was in the works? I also think he recently got his reward for this.
Posted by: followingte
In reply to:
Date:11/1/2006 8:05:23 PM
Post #of 74568
The question is who set up the Russians to go after Huff and Globetel? Who really organized them?
I think the class action lawsuit will be settled out of court. Too many big names involved.
My thought, I don't think it matters if the agreement was binding or not.
I think the scam was within GTE. I also believe Huff was just a front and took orders from others, (without him knowing he was set up long time ago for the sting).
Lets see you have:
Rubikon Partners with GTE directors: Dorian Klein,
J. Randolph Dumas, , Thomas McLarty Leo A. Daly and Ferdinando Salleo, who from 1989 to 1993 he served as Italy's Ambassador in Moscow. You know when the going got tough, they are gone.
Caterham Financial Management with Przemyslaw L. Kostro, who was involved in one of the biggest securities scam in Australia .
Possibly a partnership in the 2 above.
I don't think it was HBK involved in this.
Your right it's a good thing he is not a basher otherwise no one would be holding this stock right now. His wisdom and knowledge is probabaly the biggest reason anyone ever invested and held GTEM stock this long.
GlobeTel´s general counsel,Jonathan Leinwand looks like only position left to eliminate for a complete overhaul.
Correction: Post should: On May 26, 2006 $100,000 equals 54054 shares @$1.85, present worth $12.973.
On May 2, 2007 (if today was the date of the acquisition which is not, and is just an example) $87027.00 worth of stock would need to be issued 362613 shares @.24.
So if they sold the shares at the time they received the increments, they stand to receive much more then $100,000.
Should the price go down to .12 would be= 725,225 shares.
Be interesting to see what happens between say May 20th and June 6th.
If I was the seller. I would short this stock before May 26th. The more it is driven down the more shares will be received. Not a smart way for a company to transact an acquisition and can hurt shareholders in ways like shorting and dilution. Meanwhile will Globetel try to accomplish something to get the price up so less shares will be given out? Or will it be they simply don't care? Although this is a small amount and may not mean much, transactions like this are something that needs to be scrutinized. IMO. Why weren't they paid off in full at the time of the transaction?
Lexington
On May 26, 2006, the Company’s wholly-owned subsidiary, Centerline Communications, LLC entered into an agreement to acquire specified assets and contracts of Lexington Global Net, LLC (“Lexington”), a telecommunications systems operator located in Atlanta, Georgia, with operations in the United States and Latin America, primarily in the country of Colombia. The acquisition transaction, which closed during the three months ended June 30, 2006, was paid with $25,000 cash and $100,000 of the Company's common stock to be paid based on an agreed upon value of $1.85 per share for a total of approximately 54,054 shares, to be issued in increments during a period from 60 to 180 days after the execution of the agreement. However, should the market price of the shares delivered decrease to less than $1.85 per share, one year from the date of execution of the agreement, the Company shall make up the difference between the market price and $1.85 by the issuance of additional shares or by payment of said difference in cash or a combination of cash and stock at the purchaser’s discretion.